Wednesday, June 20, 2012

06/20/2012
The P200 million deposited in the Erap Muslim Youth Foundation (EMYF),
which was supposed to have been forfeited by the Sandiganbayan after
the conviction on plunder of former President Joseph Estrada, appears to
be missing, the camp of Estrada yesterday told the Tribune.

Estrada
was said to be wondering which government agency or person had taken
the funds from the bank, as they have been reported missing.

In a
brief telephone interview with the former president, Estrada said that
he has heard that the funds from the foundation which was forfeited by
the Sandiganbayan are missing, and that he would like to know which
government entity withdrew the funds and where they went to.

“We
are still trying to check out where the money went. As of now, the
report I got was that the funds are missing from the foundation.

It
will be recalled that the P200 million was claimed by former Gov. Luis
“Chavit” Singson to have come from the jueteng proceeds that went to
Estrada, although this was said to have been meant as a donation to the
foundation, which is a separate entity..... MORE